Investor Relations    Ad hoc and IR-News

HOCHTIEF successfully places corporate bond for EUR 500 million

Essen
19.03.2012
THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NEITHER INTENDED FOR PUBLICATION NOR FOR FORWARDING TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.

  • Offer oversubscribed eight-fold due to strong demand
  • Five-year term to maturity
  • Coupon: 5.50 percent p.a.
  • HOCHTIEF placed its first corporate bond in the company’s history today: The Group successfully issued a non-rated bond for EUR 500 million with a coupon of 5.50 percent p.a. and a term to maturity until March 2017. With an issue price of 99.47 percent, the bond offers investors a yield of 5.625 percent as of the issue date. "We made use of the market window and have met with broad investor demand: Within a little more than an hour, the order book was oversubscribed eight-fold, by just short of EUR 4 billion. This once more underscores the trust the capital market has in our Group," underlines Peter Sassenfeld, member of the Executive Board and CFO of HOCHTIEF. The denomination of the paper, which is admitted for trading on Luxembourg Stock Exchange, is EUR 1,000.

    HOCHTIEF wants to partially use the bond proceeds to replace existing financing and thus further supplement its long-term, balanced refinancing strategy. As a result of the bond, the terms of liabilities are extended and the maturity profile is balanced further. In addition, the transaction opens up enhanced access to the capital market for the company with new groups of investors. The Group has thus placed its financing structure on an even broader basis. Plans also include using capital to finance growth.

    The bond was subscribed by investors in more than 15 countries, mostly in Europe. The transaction was supported by BNP Paribas, Commerzbank, ING Bank N.V. and UniCredit Bank as Joint Lead Managers/Bookrunners.

    Legal note:

    This press release is no offer to sell securities in the United States of America, in Australia, Canada, Japan or other jurisdictions in which offers are subject to legal restrictions. The securities mentioned in this press release may only be sold or offered for sale in the United States of America with prior registration under the stipulations of the U.S. Securities Act of 1933 in its current version (“Securities Act”), or without prior registration if an exemption is in place. Subject to certain exemptions in accordance with the Securities Act, the securities mentioned in this press release must not be sold or offered for sale in the United States of America, Australia, Canada or Japan, or to or on account of Australian, Canadian or Japanese citizens. No registration of the offer or of the sale of the securities mentioned in this press release is made pursuant to the stipulations of the Securities Act or to the legal regulations applicable in Australia, Canada and Japan. In the United States of America, no public offer of securities is made.

    This press release serves the purpose of information only and is no offer to sell securities. The securities mentioned in this press release have already been placed.

    HOCHTIEF successfully places corporate bond for EUR 500 million

    Essen
    19.03.2012
    THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NEITHER INTENDED FOR PUBLICATION NOR FOR FORWARDING TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.

  • Offer oversubscribed eight-fold due to strong demand
  • Five-year term to maturity
  • Coupon: 5.50 percent p.a.
  • HOCHTIEF placed its first corporate bond in the company’s history today: The Group successfully issued a non-rated bond for EUR 500 million with a coupon of 5.50 percent p.a. and a term to maturity until March 2017. With an issue price of 99.47 percent, the bond offers investors a yield of 5.625 percent as of the issue date. "We made use of the market window and have met with broad investor demand: Within a little more than an hour, the order book was oversubscribed eight-fold, by just short of EUR 4 billion. This once more underscores the trust the capital market has in our Group," underlines Peter Sassenfeld, member of the Executive Board and CFO of HOCHTIEF. The denomination of the paper, which is admitted for trading on Luxembourg Stock Exchange, is EUR 1,000.

    HOCHTIEF wants to partially use the bond proceeds to replace existing financing and thus further supplement its long-term, balanced refinancing strategy. As a result of the bond, the terms of liabilities are extended and the maturity profile is balanced further. In addition, the transaction opens up enhanced access to the capital market for the company with new groups of investors. The Group has thus placed its financing structure on an even broader basis. Plans also include using capital to finance growth.

    The bond was subscribed by investors in more than 15 countries, mostly in Europe. The transaction was supported by BNP Paribas, Commerzbank, ING Bank N.V. and UniCredit Bank as Joint Lead Managers/Bookrunners.

    Legal note:

    This press release is no offer to sell securities in the United States of America, in Australia, Canada, Japan or other jurisdictions in which offers are subject to legal restrictions. The securities mentioned in this press release may only be sold or offered for sale in the United States of America with prior registration under the stipulations of the U.S. Securities Act of 1933 in its current version (“Securities Act”), or without prior registration if an exemption is in place. Subject to certain exemptions in accordance with the Securities Act, the securities mentioned in this press release must not be sold or offered for sale in the United States of America, Australia, Canada or Japan, or to or on account of Australian, Canadian or Japanese citizens. No registration of the offer or of the sale of the securities mentioned in this press release is made pursuant to the stipulations of the Securities Act or to the legal regulations applicable in Australia, Canada and Japan. In the United States of America, no public offer of securities is made.

    This press release serves the purpose of information only and is no offer to sell securities. The securities mentioned in this press release have already been placed.